Normally maintaining a net long exposure, the new mutual fund looks to offer equity-like returns with the potential for lower volatility against long-only funds through active stock selection and by adjusting market exposures within its portfolio.

Calamos Investments CEO and global co-chief investment officer John P Calamos, Sr., said that its mutual funds have been a favorite investment alternative for clients for a long time.

Since the launch of its liquid alternative mutual funds, including the Calamos Market Neutral Income Fund in 1990, the company has been to date embracing liquid alternatives services and the benefits they offer to a client’s asset allocation.

Calamos Investments trades as a diversified global investment company and caters equity, fixed income, convertible and alternative investments, among others.

Headquartered in the Chicago metropolitan area and with offices in London and New York, the company’s clients include major corporations, pension funds, endowments, foundations and individuals.